TIDMXSG
RNS Number : 9157T
Xeros Technology Group plc
19 November 2019
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR
INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO OR FROM THE UNITED
STATES, AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR
ANY JURISDICTION IN WHICH THE SAME WOULD BE UNLAWFUL.
19 November 2019
Xeros Technology Group plc
Results of General Meeting
Xeros Technology Group plc (AIM: XSG, 'the Company', 'Xeros'),
the developer and provider of water saving and filtration
technologies with multiple commercial applications, is pleased to
announce that all of the Resolutions proposed at the General
Meeting held in London today to approve the proposed Placing and
Open Offer of up to 526,690,502 New Ordinary Shares and other
related matters were duly passed.
Full details of the Resolutions were set out in the circular
published by Xeros on 1 November 2019 (the "Circular"). The
Circular is available for inspection in electronic form on the
Company's website, www.xerostech.com (subject to limitations).
Details of the proxies from Shareholders in respect of each of
the Resolutions are set out below:
Resolution For Number % Against % Withheld
Number Number
1. Authority to allot
Relevant Securities 113,435,145 99.88% 80,120 0.07% 60,829
2. Authority to dis-apply
statutory pre-emption
rights 113,293,114 99.75% 80,120 0.07% 202,860
Notes:
1. Percentages are expressed as a proportion of the total votes
cast (which does not include votes withheld).
2. A "vote withheld" is not a vote in law and is not counted in
the calculation of the proportion of the votes "For" and "Against"
a Resolution.
3. Any proxy appointments which gave discretion to the Chairman
have been included in the "For" totals.
The Placing and Open Offer remains conditional upon the Placing
and Open Offer Agreement becoming unconditional in all respects and
upon Admission. Admission (and completion of the Placing and Open
Offer) is expected to occur on 20 November 2019.
This announcement should be read in conjunction with the full
text of the Circular issued on 1 November 2019. All
capitalised/defined terms used in this announcement and not
otherwise defined shall have the meanings given to them in the
Circular.
Enquiries:
Xeros Technology Group plc Tel: 0114 321
Mark Nichols, Chief Executive Officer 6328
Paul Denney, Chief Financial Officer
finnCap Limited (Nominated Adviser & Broker) Tel: 020 7220
Julian Blunt / Teddy Whiley, Corporate Finance 0500
Andrew Burdis / Sunila de Silva, ECM
Instinctif Partners Tel: 020 7457
Adrian Duffield / Chantal Woolcock 2020
Notes to Editors
Xeros Technology Group plc is a platform technology Group that
is transforming water intensive industrial and commercial
processes.
Xeros' patented XOrb(TM) technologies significantly reduce the
amount of water used in the washing or dyeing of soft substrates
such as garments and fabrics. It enables the remaining water to
become far more efficient and effective in either affixing or
removing molecules, the result being improvements in economic,
operational, product and sustainability outcomes. The Group is
applying its technology in the fields of cleaning, tanning and
textiles.
Xeros' XDrum(TM) technology is a patented, simple, low cost
machine drum design which enables XOrbs to be introduced into and
subsequently removed from process cycles in Xeros' chosen markets.
The design enables rotating drum machine Original Equipment
Manufacturers ("OEMs") in the fields of garment manufacture and
cleaning, the ability to make simple and low cost changes in their
production lines to incorporate the Company's XOrb(TM)
technology.
The Group has signed multiple agreements to develop and license
its XDrum(TM) and XOrb(TM) products in major commercial and
domestic markets.
XFiltra(TM) is a patented in-machine filtration technology which
is designed to prevent harmful micro-plastics generated by washing
cycles from being released into the aquacycle. Plastics released
from synthetic clothing during washing cycles is one of the single
largest sources of primary micro-plastic pollution. For more
information, please visit - http://www.xerostech.com/
finnCap, which is authorised and regulated in the United Kingdom
by the Financial Conduct Authority ("FCA"), are acting exclusively
for the Company and for no--one else in relation to the Placing,
and will not be responsible to any other person for providing the
protections afforded to their respective clients nor for providing
advice in connection with the matters contained in this
announcement.
No representation or warranty, express or implied, is or will be
made as to, or in relation to, and no responsibility or liability
is or will be accepted by finnCap nor by any of their respective
affiliates, partners or agents (or any of their respective
directors, officers, employees or advisers), as to or in relation
to, the contents, accuracy or completeness of this announcement or
any other written or oral information made available to or publicly
available to any interested party or its advisers, or any other
statement made or purported to be made by or on behalf of finnCap
or any of their respective affiliates in connection with the
Company or the Placing, and any liability therefor is expressly
disclaimed.
FinnCap and each of their respective affiliates accordingly
disclaim all and any liability, whether arising in tort, contract
or otherwise (save as referred to above) in respect of any
statements or other information contained in this announcement.
This announcement does not identify or suggest, or purport to
identify or suggest, the risks (direct or indirect) that may be
associated with an investment in the Placing Shares. Any investment
decision to buy Placing Shares in the Placing must be made solely
on the basis of publicly available information, which has not been
independently verified by finnCap.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
ROMFFWFFUFUSESF
(END) Dow Jones Newswires
November 19, 2019 06:15 ET (11:15 GMT)
Xeros Technology (LSE:XSG)
Gráfica de Acción Histórica
De Abr 2024 a May 2024
Xeros Technology (LSE:XSG)
Gráfica de Acción Histórica
De May 2023 a May 2024
